In 2004 a group led by sport team owner Mike Ilitch submitted requests for the building's demolition to Detroit's Historic District Commission (HDC). These requests were quickly denied and the building stood. Despite offers by developers interested in the building, Ilitch declined to sell the property, preferring to demolish the structures to create a parking lot. Both the City of Detroit and Ilitch were hoping to get the building demolished and the land cleared before Detroit hosted Super Bowl XL on February 5, 2006.[2]
In 2004, the National Trust for Historic Preservation added the building to its annual list of America's 11 Most Endangered Historic Places.[4]
The May 2005 demolition by Adamo Group was the subject of significant controversy.[5] Though demolition permits had been denied the city government pressed for the building's destruction nevertheless, stating that the structure was in danger of collapse. Preservation groups fought the demolition with a restraining order a few hours after work commenced, but later that day a judge allowed the demolition to continue. Even though the HDC had originally denied demolition permits they did not oppose the move. The whole structure was gone within a week.
The building was the second on the "11 Most Endangered Historic Places" to be demolished.
The property is still held by Ilitch Holdings and is currently used as a parking lot. The gated parking area is serviced by Olympia Entertainment and chiefly serves Comerica Park.